Kerosene price soars by 18.78% in 12 months, says NBS

Kerosene price soars by 18.78% in 12 months, says NBS

News Flash
Help Us Share This Article


Within 12 months, the average retail price of the Household Kerosene (HHK) soared by 18.78% from N1,083.57 in November 2023 to N4,583.44 in November 2022.

The National Bureau of Statistics (NBS) made this known in its document tagged: “The average retail price per gallon of Household Kerosene paid by consumers in November 2023 was N4,583.44, showing an increase of 0.03% from N4,581.89 in October 2023. On a year-on-year basis, this increased by 27.51% from N3,594.44 in November 2022.”

The Bureau noted that on state profile analysis, the highest average price per litre in November 2023 was recorded in Adamawa with N1,588.10, followed by Imo with N1,521.97 and Abuja with N1,512.50.

NBS said on the other hand, the lowest price was recorded in Kwara with N937.50, followed by Osun with N1,100.00 and Zamfara with N1,125.00.

It added that analysis by zone showed that the southeast recorded the highest average retail price per litre of House hold Kerosene with N1,384.49, followed by the North-East with N1,367.81, while the North-West recorded the lowest with N1,226.75.

READ ALSO  JUST IN: Plane Crash-Lands At Abuja Airport (Video)

The Bureau said the average retail price per litre of kerosene paid by consumers in November 2023 was N1287.10, indicating a decline of 1.23% when compared to N1,303.16 recorded in October 2023.

NBS noted that on a year-on-year basis, the average retail price per litre of the product rose by 18.78% from N1,083.57 in November 2022.

In a similar document titled: “Liquefied Petroleum Gas (Cooking Gas ) Price Watch (November 2023), the average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 5.82% on a month-on-month basis from N4,562.51 recorded in October 2023 to N4,828.18 in November 2023. On a year-on-year basis, this increased by 6.13% from N4,549.14 in November 2022.

On state profile analysis, according to the report, Benue recorded the highest average price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N5,466.67, followed by Jigawa with N5,396.43, and Adamawa with N5,357.14.

READ ALSO  Rising Insecurity: Kidnapping of 287 Students In Kaduna Sparks National Concern

NBS said on the other hand, Anambra recorded the lowest price with N3,985.29, followed by Imo and Abia with N4,052.78 and N4,100.00 respectively.

The report added that analysis by zone showed that the North-East recorded the highest average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) with N5,029.25, followed by the North-West with N4,999.34, while the South-East recorded the lowest with N4,083.52.



Source link


Help Us Share This Article

Leave a Reply

Your email address will not be published. Required fields are marked *